Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Motorola Mobility plans to bring affordable 4G smartphones in 2015 to India, one of its priority markets along with Brazil, which the third world’s largest smartphone maker says will be critical for its global charge to become market leader.
The US smartphone maker, after being bought over by China’s Lenovo, aims to lead the global smartphone business while trying to elevate its position in India to No 3 from 4 by next year on the back of strong demand, Rick Osterloh, president and chief operating officer at Motorola Mobility, said told ETin an interview.
“The transition to 4G (in India) will come quickly,” Osterloh said. “Next year, we are going to be very aggressive in the 4G value proposition for end user.” Very few handsets support 4G technology in India currently and are expensive. 4G as a technology is at a nascent stage in the country, but a wider adoption will depend on soon the price points of smartphones drop to below $100, many say. Original post at ET Telecom